The cloud stock plunged following its latest earnings report, but investors shouldn't lose sight of the bigger picture.Cloud observability and security platform provider Datadog (DDOG 2.67%) has underperformed the broader stock market in 2024, with shares of the company down 7% as of this writing, and it looks like things are set to go from bad to worse following the release of its first-quarter 2024 results on May 7.Datadog stock plunged more than 11% after its earnings report, and that would seem surprisi ...

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After recent share price softness, the pundit believes the software-as-a-service specialist could vault 33% higher.While a sharp rise in share price is pleasing for investors, it can become a challenge when a company fails to perform sufficiently to justify the higher levels. That seemed to be the dynamic with software-as-a-service (SaaS) platform developer Datadog (DDOG -0.79%). The company's latest quarterly earnings report was impressive in many ways, but apparently it wasn't good enough for many investo ...

You can’t really have best-in-breed generative artificial intelligence (AI) without a significant amount of data. Impressive large language models (LLMs) have been trained on some quite sizable data sets. Also, predictive AI systems need to be trained on reliable data for optimal results.An AI system is only as good as the data it’s fed (or trained on). Further, effective data management, cleaning and governance are vital aspects of handling and refining considerable amounts of data meant for analytics or t ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Datadog (DDOG) .Datadog currently has an average brokerage recommendation ...

Datadog (DDOG) reported first-quarter 2024 non-GAAP earnings per share (EPS) of 44 cents, which increased 57.1% from the year-ago quarter and beat the Zacks Consensus Estimate by 29.41%.The company’s net revenues of $611.25 million rose 26.9% year over year and beat the consensus estimate by 3.61%.Quarter DetailsThe company ended the quarter with 28,000 customers, up from 25,500 in the prior-year period.In the first quarter, Datadog had 3,340 customers with an annual run rate (ARR) of $100,000 or more, whic ...

Key PointsDatadog slumped 10% on solid results, opening up a buy-the-dip opportunity.Analysts' responses are mixed, but their activity continues to lead the market and points to a new high. Datadog is amid a classic Head & Shoulders Reversal that could lead to a sustained rally in the 2nd half. 5 stocks we like better than DatadogDatadog NASDAQ: DDOG shares are down hard following its Q1 release and may be in the doghouse. However, heightened expectations, tepid guidance, and the exit of long-time president ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39051 _______ ...

Tech stocks lost ground in intraday trading Tuesday, with the S&P 500 Information Technology Sector Index 0.5% lower as of 2:30 p.m. ET, while the broader S&P 500 was little changed and the tech-heavy Nasdaq lost 0.2%. Shares of semiconductor maker GlobalFoundries (GFS) surged following the release of a first-quarter earnings report that beat expectations, while Fidelity National Information Services (FIS) shares also jumped on its strong earnings and guidance. Shares of Datadog (DDOG) sank even though the ...

Datadog's first-quarter earnings surpassed expectations, and its president plans to step down later this year.Software as a Service (SaaS) platform specialist Datadog (DDOG -10.88%) released its Q1 earnings on Tuesday, May 7. The results beat analysts' expectations, with a non-GAAP net income per diluted share of $0.44 beating the forecast of $0.34. Revenue reached $611 million, outpacing the expected $590 million. This latest performance report signals strong operational efficiency and an undiminished dema ...